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Disclosure Incentives When Competing Firms Have Common Ownership

Park, Jihwon - 2019

This paper examines whether common ownership – i.e., instances where investors simultaneously own significant stakes in competing firms – affects voluntary disclosure. We argue that common ownership (i) reduces proprietary cost concerns of disclosure, and (ii) incentivizes firms to...

Persistent link: https://www.econbiz.de/10012892950

Optimal Self-Reporting Schemes with Multiple Stages and Option Values

Walzl, Markus; Feess, Eberhard - 2002

We consider a model of optimal law enforcement where sanctions can be reduced for self-reporting individuals. The literature is extended in two directions: First, we distinguish between two self-reporting stages: a first one before the case is investigated, and a second one where the criminal is...

Persistent link: https://www.econbiz.de/10014112317

Developing an International Assurance Standard on Carbon Emissions Disclosures

Simnett, Roger; Nugent, Michael; Huggins, Anna - 2013

Governments, organizations and individuals around the world are paying increasing attention to climate change and carbon emissions. This paper argues that a new international assurance standard on carbon emissions disclosures is an appropriate response by the auditing and assurance profession to...

Persistent link: https://www.econbiz.de/10014214845

Does the Mandatory Disclosure of Audit Information Affect Analysts’ Information Acquisition?

Kong, Dongmin; Ji, Mianmian; Liu, Shasha - 2021

By introducing the implementation of the Key Audit Matters (KAM) Disclosure Standards for China’s companies cross … channel of information acquisition. The decreasing effect is particularly pronounced for companies with audit partner rotation …, indicating that KAMs are informative and audit information is an important determinant of analysts’ information acquisition …

Persistent link: https://www.econbiz.de/10013217572

Science-Based Food Labels : Improving Regulations and Preventing Consumer Deception Through Limited Information Disclosure Requirements

Dhyani, Joshua - 2015

Our modern nutrition label is meant to allow consumers to make informed decisions about what they are eating. However, consumers increasingly make choices not necessarily based on the nutrition label, but on other messages and labels on food, such as “organic,” “GMO free,” and even...

Persistent link: https://www.econbiz.de/10014137541

Do Firms Strategically Internalize Disclosure Spillovers? Evidence from Cash-Financed M&As

Kim, Jinhwan - 2020

We investigate whether managers internalize the spillover effects of their disclosure on the stock price of related firms and strategically alter their disclosure decisions when doing so is beneficial. Using data on firm-initiated disclosures during all-cash acquisitions, we find evidence...

Persistent link: https://www.econbiz.de/10012852523

On the Disclosure of Ticket Sales in Charitable Lotteries

Damianov, Damian S. - 2018

We show that a policy of disclosing the ticket sales during a fundraising lottery raises total revenue when there are more than two bettors. The optimal timing of the disclosure is when about half of the players have purchased lottery tickets

Persistent link: https://www.econbiz.de/10012931007

Information Disclosure as Environmental Regulation : A Theoretical Analysis

Cohen, Mark A. - 2012

Governments around the world are beginning to embrace a new form of environmental regulation - mandatory disclosure of information. While information disclosure programs appear to have an impact on subsequent firm behavior - often resulting in lower levels of pollution - little is known about...

Persistent link: https://www.econbiz.de/10012713227

Corporate Social Responsibility and Imperfect Regulatory Oversight : Theory and Evidence from Greenhouse Gas Emissions Disclosures

de Bettignies, Jean-Etienne; Liu, Hua Fang; Robinson, … - 2021

This paper develops and tests a model in which 1) purpose-driven firms emerge as an optimal organizational form even for profit-maximizing entrepreneurs; and 2) CSR arises endogenously as a response to imperfect regulatory oversight. Purpose-driven organizations allow entrepreneurs to create...

Persistent link: https://www.econbiz.de/10013247985

Signaling through Carbon Disclosure

Bolton, Patrick; Kacperczyk, Marcin T. - 2021

We estimate effects of voluntary and mandatory disclosure of carbon emissions on stock returns, volatility, and turnover. We find that voluntary disclosure of scope 1 emissions by companies results in lower stock returns relative to non-disclosing companies. However, a cost of disclosing...

Persistent link: https://www.econbiz.de/10013250829

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